Is It the Right Time to Buy After July 2 Stock Market Open?

July 2 Stock Market:

The Indian stock market started July on a positive note. On Tuesday, both benchmark indices recorded slight gains. The NSE Nifty 50 rose by 0.1% to close at 25,541.8, while the BSE Sensex ended 90.83 points higher at 83,697.29.

July 2 Stock Market:

The GIFT Nifty, trading 20.5 points up early Wednesday, suggests a stable opening. This comes despite global uncertainties, especially after U.S. President Donald Trump confirmed there would be no delay in the new trade tariffs from July 9.

Global Market Trends

Asia: Most Asian markets were under pressure. Japan’s Nikkei dropped 0.77%, while South Korea’s Kospi fell 1.35%. However, Australia’s ASX 200 saw a modest 0.38% rise.

U.S.: Wall Street paused after recent gains. The S\&P 500 slipped 0.1% and Nasdaq declined by 0.8%. The Dow Jones managed a 0.9% gain.

Commodities: Oil remained stable with Brent near \$67/barrel. Copper and aluminium saw slight gains, while zinc and lead prices declined.

Investor Activity

Foreign investors continued to sell Indian stocks, pulling out ₹1,970 crore. Domestic investors also sold shares worth ₹771 crore, according to NSE data.

Top Stocks in Focus

Hyundai and Maruti: Hyundai reported better-than-expected sales in June, while Maruti saw a 6% YoY dip.

Adani Enterprises: To raise ₹1,000 crore through NCDs and completed a major acquisition.

Lupin: Received USFDA approval for a key eye medication.

Hero MotoCorp: Launched new electric scooters and posted strong June sales.

Nazara Technologies, Dreamfolks, JSW Energy, NMDC, and others made strategic moves, signed major deals, or received government notices.

IPO Highlights

HDB Financial Services and Sambhv Steel Tubes will list today.

Crizac IPO opens Wednesday with a price band of ₹233-245.

As July begins, markets remain cautiously optimistic. While domestic earnings and deals show strength, global events like U.S. tariffs and oil inventory updates could drive short-term volatility.

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